Current Price: 89,656
24H Range: 88,578 – 91,224
Timeframe Focus: 15M / 1H
Trend Context: Short-term corrective, medium-term bearish
Market Structure
BTC is trading in a range-bound corrective phase after a recent decline. Price is currently consolidating below key intraday resistance, indicating indecision between buyers and sellers. Volatility remains moderate, suggesting a potential expansion move later in the session.
Moving Averages (DEMA 9)
Price is below the fast DEMA, showing weak short-term momentum.
Multiple DEMA levels overhead indicate layered resistance, limiting upside unless volume increases.
Sustained trading above 90,000–90,600 is required to confirm bullish continuation.
RSI (14)
RSI at 43.5 reflects weak momentum, below the neutral 50 level.
No oversold condition yet, meaning downside risk still exists.
A move above RSI 50 would signal improving intraday strength.
Key Intraday Levels
Resistance Zones
90,000 – 90,600 (intraday supply & DEMA cluster)
91,200 (24h high / strong rejection zone)
Support Zones
89,000 – 88,900 (minor intraday support)
88,500 – 88,300 (day’s low & demand zone)
Intraday Scenarios
Bullish Case
Break and hold above 90,600
Volume expansion with RSI > 50
Upside targets: 91,200 → 92,000
Bearish Case
Rejection below 90,000
Breakdown under 88,900
Downside targets: 88,300 → 87,600
Conclusion
BTC remains in a neutral-to-bearish intraday structure. Bulls need a confirmed breakout above resistance with volume to regain control. Until then, price is likely to range trade with a slight downside bias. Scalpers should respect tight risk management and trade confirmed breakouts only.
Bias: Neutral / Range
Intraday Outlook: Volatility expansion expected near support or resistance zones
This is a technical analysis, not financial advice.
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